BoE minutes signal ‘shift in remit' to support economic growth

Former Bank of England governor Mervyn King

The governor of the Bank of England (BoE), Mervyn King, was defeated in his attempt to expand the BoE's quantitative easing (QE) programme earlier this month, according to minutes from the monetary policy committee (MPC) meeting released today.

King voted to increase the size of the BoE's asset purchase programme by £25 billion to £400 billion, and was joined in his stance by fellow MPC members Paul Fisher and David Miles. However, the three were outvoted by the remaining six members of the comm

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